INVESTOR NOTES / 001ANGEL INVESTOR / ,
KNOW THE INVESTOR. SHARPEN THE PITCH.

Angel investor ·

Ashish Kumar.

Recorded investments.
A clearer sense of fit.

Find where your company fits, how rounds are assembled, and what happened after the first investment.

THE ENTRY PATTERN2014–2026
92%

of dated first investments
were at Angel, Pre-Seed or Seed

First investment stage across 25 companies17 Seed, 6 Angel and 2 other-stage entries. Each dot represents one company.
Seed 17Angel 6Other 2

One dot = one company at first recorded investment.

25 companies · 33 recorded equity rounds
Dataset’s latest round 22 May 2026/Latest recorded investment 20 Aug 2025
THE FOUNDER’S BRIEF

Read the pattern before the pitch.

Written insights from the recorded portfolio, with the evidence linked below.

01

Start with the first entry

Ashish Kumar has dated investments in 25 companies. 23 first entries were at Angel, Pre-Seed or Seed (92.0%). An early-stage founder can use the sector and stage filters to find comparable companies before approaching the investor.

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02

Separate activity from reputation

0 first company relationships appear in the latest 24 months, compared with 7 in the preceding window. The latest recorded investment is 2025-08-20. This describes observed activity through 2026-05-22; it does not establish current availability.

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03

Plan the next financing step

23 of 25 companies with a full 24-month observation window raised another equity round. This investor backed 4 of those companies again within that window. The difference is a reason to research the wider syndicate, rather than assume the same investor will fund the next round.

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04

Use a specific point of relevance

Retail Tech is the largest displayed sector by company count, appearing in 6 portfolio companies; sector tags overlap. 2 first entries carry a recorded lead flag and the median first-round syndicate includes 16 other named backers. Shared rounds are evidence of co-investment, not evidence of an introduction route.

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01 / THE READOUT

Four signals before you pitch.

Start with observed behavior.
Every rate has a defined denominator.

01 — ROUND CONTEXT
$165K–$738K

The middle half of entry rounds

25th–75th percentile across 25 disclosed first rounds. Total round size; the investor’s own cheque is undisclosed.

Size your round ↗
02 — NEW RELATIONSHIPS
0companies

First investments in the last 24 months

22 May 2024–22 May 2026, versus 7 in the preceding 24 months.

See the rhythm ↗
03 — NEXT FINANCING
92%

Another equity round within 24 months

23 of 25 companies with a full observation window. The next round can include any investor.

Follow the path ↗
04 — REPEAT BACKING
16%

This investor invested again within 24 months

4 of the same 25 companies. Build a financing plan around the wider investor market.

Explore co-investors ↗
02 / FIND YOUR FIT

Where does your company sit?

Choose your sector and stage to find
companies he first backed in that space.

YOUR COMPANY

A match means a recorded investment in this category. It does not establish current interest or availability.

25matching companies
$276Kmedian first round (25 disclosed)
0first backed in last 24 months

All sectors · All entry stages. Round amounts are total financing, in USD.

Seed

Carbonlites ↗

Biogas digester developer and bio-CNG producer

$276K total first round
Angel

Carbon Masters ↗

Provider of carbon footprinting software and Net Zero consulting services

$240K total first round
Angel

Ananant Systems ↗

Developer of semiconductor products, software, and systems for wireless technologies

$1.4M total first round
Explore matching portfolio companies ↓

The sector × stage map

First investments · companies can appear in more than one sector
Number of first investments by sector and entry stage. Select a cell to explore companies.
SectorAngelSeedSeries AAll stages
Retail Tech6
Circular Economy3
Solid Waste Management Tech3
B2C E-Commerce3
Waste to Energy2
Energy Tech2
Auto Tech2
03 / ROUND DESIGN

The round around the investor.

Use stage-specific financing ranges
to frame the size of your syndicate.

First-round size, by entry stage

USD · middle 50% and median
Angel6 disclosed
$215K$189K–$492K
Seed17 disclosed
$276K$165K–$500K
Series A2 disclosed
$1.4M$1.1M–$1.8M
$10K$100K$1M$10M

Logarithmic scale. A dot marks the median; the band spans the 25th–75th percentiles. These are entire rounds, not individual cheques.

04 / WHAT HAPPENS NEXT

One investment. Two different paths.

A subsequent round and repeat backing
answer different fundraising questions.

25
companies with 24 months
of observable history

Raised another equity round

Any investor · within 24 months
92%
23 of 25 companies

Backed again by this investor

A subset of the companies above
16%
4 of 25 companies
i

Includes first investments on or before 22 May 2024. 0 newer companies and 0 undated histories are excluded. Follow-up stops at the dataset’s latest round on 22 May 2026. These observations do not measure returns or predict a company’s outcome.

See the stage-by-stage denominators +
First stageEligible companiesNext round ≤24 moSame investor again ≤24 mo
Angel66 / 60 / 6
Seed1715 / 173 / 17
Series A22 / 21 / 2
05 / INVESTMENT RHYTHM

New names. Returning relationships.

Separate first investments from later
rounds in companies already backed.

New companiesRepeat rounds

*2026 is partial, through 22 May. Bar height counts first investments + repeat rounds; earlier years are complete calendar periods in this dataset.

06 / THE CO-INVESTOR MAP

Who else belongs on your research list?

Frequent shared rounds suggest a place
to investigate sector and stage alignment.

01
ANGEL

Raman Roy ↗

5 shared rounds · 3 companies

Latest shared round Jul 2019
02
ANGEL

Bikky Khosla ↗

4 shared rounds · 4 companies

Latest shared round Jul 2019
03
FIRM

LetsVenture

4 shared rounds · 3 companies

Latest shared round Apr 2019
05
ANGEL

Ashish Gupta ↗

3 shared rounds · 3 companies

Latest shared round Jul 2019
06
FIRM

Indian Angel Network

3 shared rounds · 3 companies

Latest shared round Oct 2014

Shared rounds establish recorded co-investment. They do not establish a personal connection, introduction route, or current willingness to invest.

07 / THE EVIDENCE

Explore the portfolio.

First investment comes first.
Amounts refer to that entry round.

25 dated companies
Complete dated portfolio, ordered by first investment, newest first.
CompanyFirst backedEntry stageTotal entry roundSame investor again?
Apr 2024Seed$276KNo later round recorded
Apr 2024Angel$240KNo later round recorded
Apr 2024Angel$1.4MNo later round recorded
Jan 2024Seed$1.0MYes · Aug 2025
Jul 2023Seed$1.6MYes · Mar 2024
Mar 2023Angel$56KNo later round recorded
Aug 2022Series A$738KNo later round recorded
SEPAL ↗Hyderabad
Apr 2022Seed$275KNo later round recorded
Feb 2021Seed$2.0MNo later round recorded
Feb 2021Seed$165KNo later round recorded
Aug 2020Seed$39KNo later round recorded
MSMEx ↗Mumbai
Feb 2020Angel$190KNo later round recorded
Aug 2018Angel$576KNo later round recorded
Jul 2018Series A$2.1MYes · Apr 2019
Apr 2018Seed$301KYes · Feb 2021
Jun 2017Seed$165KYes · Mar 2018
FoodYoga ↗Greensboro
Nov 2016Seed$132KYes · Jul 2019
Nov 2016Seed$135KYes · Jul 2019
Beardo ↗Ahmedabad
Sep 2016Seed$500KNo later round recorded
Twigly ↗Gurugram
Nov 2015Seed$200KNo later round recorded
Liv.ai ↗Bengaluru
Jul 2015Angel$189KYes · Sep 2017
CrownIt ↗Gurugram
Feb 2015Seed$151KNo later round recorded
Zippr ↗Hyderabad
Oct 2014Seed$1.0MNo later round recorded
FarEye ↗Chicago
Oct 2014Seed$328KNo later round recorded
Sep 2014Seed$439KNo later round recorded
0 more companies have undated investments

Kept in the 25-company portfolio; excluded from entry-timing calculations.

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